Price has failed to close above the 1.767 plenty of time on the daily TF if we see a close above 1.767 we can expect more movement to the upside.
I expect price to test the previous wick high area 1.78. After reaching this area we should see some consolidation back down to retest the 1.767 area which is a good area for a buy hoping to reach 1.8.
If price fails to move above the 1.767 area we can expect a move downwards to 1.75, if it breaks this then the next stop is at 1.725 area on the daily support.
I expect price to test the previous wick high area 1.78. After reaching this area we should see some consolidation back down to retest the 1.767 area which is a good area for a buy hoping to reach 1.8.
If price fails to move above the 1.767 area we can expect a move downwards to 1.75, if it breaks this then the next stop is at 1.725 area on the daily support.
Commentaire:
Looks like the daily will close below the res, should see price continue down into next week if this is the case
Commentaire:
price didnt break resistance bounced off back down to daily support. clean af. if we break that bottom support expect retest and continuation downwars. Take into account fundamentals in play - Boris announcement today at 7pm could have an effect on GBP pairs this week.